Guideline Value for Rosario Street (Jesubatham Street)

Rosario Street (Jesubatham Street) guideline value

The current guideline value of Rosario Street (Jesubatham Street) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Rosario Street (Jesubatham Street) has changed

The guideline value for Rosario Street (Jesubatham Street) has undergone several revisions over the years. In 2003, the value was Rs 501 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The 2012 revision saw a rise to Rs 3,000 per sq.ft, followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then increased significantly to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision. It is important to note that the register has no figure for this street in 2002.

Between the revisions, the changes were as follows: from 2003 to 2007, the value increased by 60%; from 2007 to 2012, it rose by 275%; however, it decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 559% from 2003 to 2024.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is the same as the current value for Rosario Street (Jesubatham Street).

• Rock Avenue: Rs 2,750 per sq.ft (2024)
• R.K.V. Avenue: Rs 3,300 per sq.ft (2024)
• Reserve Bank Colony 4th Street: Rs 3,240 per sq.ft (2024)
• Reserve Bank Colony 3rd Street: Rs 3,300 per sq.ft (2024)
• Reserve Bank Colony 2nd Street: Rs 3,300 per sq.ft (2024)
• Reserve Bank Colony 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rosario Street (Jesubatham Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total fees together Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rosario Street (Jesubatham Street)?

The Sub Registrar Office that covers Rosario Street (Jesubatham Street) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Zaminpallavaram

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value according to government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rosario Street (Jesubatham Street)?

The current guideline value of Rosario Street (Jesubatham Street) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent revision in 2024 showing an increase from Rs 3,000 per sq.ft in 2023. The value has seen a total increase of 559% from 2003 to 2024.

What is the land classification for Rosario Street (Jesubatham Street)?

Rosario Street (Jesubatham Street) is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Rosario Street (Jesubatham Street)?

The Pallavaram Sub Registrar Office covers Rosario Street (Jesubatham Street) and is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How are stamp duty and registration fees calculated for properties in Zaminpallavaram?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.